August 26, 2024 at 4:00 PM - Special Meeting

Rationale: 

Public Participation at Board of Education Meetings:

BOE Policy/Regulation #2009 outlines the parameters of public participation at Board meetings concerning items on the agenda as well as those not on the agenda.  A copy of this policy is available in the Superintendent’s office and at each monthly Board meeting.

Rationale:  The Transportation Committee will be meeting just before the meeting to review the attached bids and make a recommendation for purchase.

Rationale:  At our last meeting we talked about looking at investment opportunities that might make sense with a growing General Fund Balance.  
I have visited with both banks and have received information for your consideration.  We can talk about this, make a decision or put it on the agenda for our September meeting according to your wishes.
I have attached info from both.

Rationale:  Attached is the Final Budget that I have shared with the Finanace folks at NDE and It meets all of the requirements to share with the public.  The final budget reduces our tax asking a bit as well as reduces the growth of the General Fund from the 3% we originally talked about down to 2%.  The reduction comes as a result of our budget authority.  After making adjustments, we have reduced the unused budget authority to $0, a common practice among schools to allow for a maximum budget authority for future years.
Budget Summary:
The total valuation increased from $492,385,953 to $523,934,798 or 6.4%.
General Fund Levy dropped from 0.875579 to 0.713519, a 19% drop in levy rate.
General Fund Tax Asking dropped from $4,311,227 to $3,738,374, a 15.3% Drop in Tax Asking for General Fund.
Special Building Fund Levy increased from 0.071141 to 0.134913, a 90% increase in SB levy rate.
Special Building Fund tax asking increased from $350,288 to $706,854, a 101,8% increase in tax asking.
Overall levy decrease from 0.946720 to 0.848432, a 10% drop in total tax rate.